Fire & Business Interruption Insurance

Protection against fire is an essential step in protecting your home or business. Fires can be devastating, leaving behind huge damage, hefty repair bills, and interrupting business. A People & Partners fire insurance policy covers the building, machine and plant, stock and other contents, making it possible for the insured to rebuild or replace damaged items as quickly as possible.

PPI Insurance can cover private houses and all commercial and industrial risks, large or small. Our cover can be on fire and named perils such as storms and floods, or we can provide a Property All Risks policy, which gives very wide cover.

We can also, as an add-on, insure the loss of profit or Business Interruption due to fire or similar perils.

For private houses we do not normally require a site survey, but for businesses, we offer a free risk survey on your commercial and industrial premises to assess the risks and, where necessary, suggest improvements which could reduce overall premium costs.
This policy covers against physical loss to the insured property, caused by fire or lightening and domestic gas explosion.
Normal additional (optional) covers are:

  • Aircraft damage
  • Damage by hail
  • Earthquake and volcanic eruption
  • Explosion
  • Flood
  • Hurricane, cyclone, typhoon and windstorm
  • Impact damage
  • Riot and strike
  • Spontaneous combustion
  • Subsidence and landslip
  • Vandalism and malicious damage
  • Water damage

This is a much wider cover used mostly on the larger risks, covering literally everything except the normal exclusions.

Normal exclusions:

  • War/Terrorism
  • Radioactivity
  • Normal wear and tear
  • Mysterious Disappearance
  • Machinery breakdown
  • Marine inland Transit, including loading and unloading 
  • Fidelity guarantee of employees
  • Electronic data and internet
  • Cover under deductibles, as noted in policy schedule
  • Loss of Profits/Business Interruption

People and Partners Insurance PLC can arrange to extend either the basic Fire/Perils policy or the Property All Risks Policy to cover full business interruption. This cover would be following the exact perils covered by the different policies and would be based on an ‘Indemnity Period’ chosen by the Insured in discussions with our staff. This would be the longest period deemed possible by the client to get back to normal after a large material damage loss. The normal period would be at least 12 months, but it could be shorter (6 months) or even 24 to 36 months in the case of a large complex factory risk.

People & Partners Insurance can also provide additional cover that most businesses should consider, including Liability Insurance.

We are very experienced in this important class of business. Our expertise in covering all types of Buildings and Industrial manufacturing factories is extensive. Our team of underwriters and surveyors have handled the full range of businesses in Cambodia and our senior management have handled mega risks in different countries also.

Our international reinsurers are all “A” rated and acknowledge our considerable knowledge and long experience.

We settle claims quickly. The amount of time required to handle a claim varies based on the severity, extent and nature of the loss. For the larger claims, we usually appoint a loss adjuster to survey the damage and assist with estimates, repairs etc., and to ensure a Professional Technical Report for our International Reinsures. PPI pays for this as part of our claims service.

Our premiums are very competitive in the market and we will help you to provide all the details to ensure you are fully covered and enjoy the most competitive premiums. 

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